Rep. Rahm Emanuel (D-Ill.) with Sol Schatz of the VFW, Thomas Lonze of the State of Illinois, James O’Rourke of the American Legion and Sen. Dick Durbin discussing the Welcome Home GI Bill. (Photo courtesy of congressional website)
(CNSNews.com) – President-elect Barack Obama’s choice for White House chief of staff is one of the biggest recipients of Wall Street money in Congress, according to a Washington, D.C.-based “money-in-politics” watchdog group.
The Center for Responsive Politics has issued a report highlighting millions of dollars in campaign contributions that Rep. Rahm Emanuel (D-Ill.) has raised from individuals working in the hedge fund industry, private equity firms, and large investment firms.
Emanuel has raised more money from individuals and political action committees in securities and investment businesses than from any other industry.
This comes after a presidential campaign that saw Obama frequently criticize Wall Street and blamed lack of government regulations for the economic crisis that hit the country in mid-September.